Categories: Business

Hyundai, Kia sell over 2 lakh eco-friendly cars in US from Jan-Sep

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Hyundai Motor, South Korea’s largest carmaker, and its affiliate Kia offered greater than a mixed 200,000 eco-friendly autos in the US within the January to September interval, the businesses mentioned on Sunday.

The 2 automakers have offered a mixed 213,270 eco-friendly vehicles within the U.S. within the first 9 months, up 61.6 per cent from the 131,986 logged over the identical interval final yr.

The tally was additionally larger than the annual gross sales of 182,627 eco-friendly vehicles offered within the U.S. in 2022, reviews Yonhap information company.

Amongst Hyundai’s vehicles, Tucson Hybrid was offered probably the most at 30,353 models, adopted by 25,306 models of its electrical car mannequin, Ioniq 5, and 16,824 models of the Santa Fe Hybrid. Amongst Kia’s fashions, sport utility autos have been fashionable.

A complete of 30,604 models of Kia’s Sportage Hybrid have been offered within the January-September interval, in addition to 20,003 models of the Niro Hybrid and 19,927 models of the Sorento Hybrid.

Hyundai and Kia’s robust efficiency got here amid the 2 firms’ efforts to develop their gross sales of commercial-purpose electrical autos which can be nonetheless eligible for tax credit beneath the U.S. Inflation Discount Act (IRA) although they’re assembled outdoors North America.

The share of South Korean automakers within the U.S. business eco-friendly car market jumped to 55 % in August from 5 % final yr, in accordance with the business ministry.

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Amirul

CEO OF THTBITS.com, sharing my insights with people who have the same thoughts gave me the opportunity to express what I believe in and make changes in the world.